South Africa Robotic Prosthetics Market Size & Outlook
South Africa robotic prosthetics market, 2016-2030 (US$M)
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South Africa robotic prosthetics market highlights
- The South Africa robotic prosthetics market generated a revenue of USD 7.7 million in 2023 and is expected to reach USD 14.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, mpc prosthetics was the largest revenue generating extremities in 2023.
- Myoelectrical Prosthetics is the most lucrative extremities segment registering the fastest growth during the forecast period.
Robotic prosthetics market data book summary
| Market revenue in 2023 | USD 7.7 million |
| Market revenue in 2030 | USD 14.6 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Mpc prosthetics |
| Fastest growing segment | Myoelectrical Prosthetics |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | MPC Prosthetics, Myoelectrical Prosthetics |
| Key market players worldwide | Ottobock, Touch Bionics, HDT Global, Ossur, Endolite India, Shadow Robot |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global robotic prosthetics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa robotic prosthetics market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.9 million by 2030.
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Robotic Prosthetics Market Scope
Robotic Prosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa robotic prosthetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to robotic prosthetics market will help companies and investors design strategic landscapes.
Mpc prosthetics was the largest segment with a revenue share of 57.14% in 2023. Horizon Databook has segmented the South Africa robotic prosthetics market based on mpc prosthetics, myoelectrical prosthetics covering the revenue growth of each sub-segment from 2016 to 2030.
Various government initiatives, such as tax breaks, R&D credit, and the establishment of the South African Health Products Regulatory Authority (SAHPRA), are expected to increase foreign investments & collaborations in the country.
According to a report published by South African Medical Research Council, in 2022, medical device R&D in the country was very low; it was less than 1.0% compared to the total revenue of the industry in South Africa. However, a range of incentives available for medical device innovators in the country is expected to support the market growth during the forecast period.
In April 2021, the South African Medical Research Council, along with the Department of Science and Innovation (DSI) and Technology Innovation Agency, launched Technology Innovation Cluster Program (TICP) for diagnostics and medical devices to improve innovation in the medical device industry.
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Our clientele includes a mix of robotic prosthetics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa robotic prosthetics market size, by extremities, 2016-2030 (US$M)
South Africa Robotic Prosthetics Market Outlook Share, 2023 & 2030 (US$M)
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